In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...

07.00 - Option (EURONEXT Brussels: OPTI;
OTC: OPNVY), a global leader in wireless connectivity, security and
experience,
today announces that the Board of Directors has revised its plans with
regards
to the strengthening of the Company's working capital. As previously
announced
in the financial notification issued on October 10, 2012, the Company is
looking
to raise cash in order to secure its going concern. In addition, the
Company
continued to be focused on the further reduction of its costs basis and
on the
diversification of the sales- and marketing efforts. The actions taken in
the
last quarter of 2012 have contributed to lower the cash burn resulting in a
cash
position of 3,2 million EUR by the end of December 2012.

Following discussions with interested parties the Board has decided to
raise the
amount of the investment to minimum 9 million EUR via the issue of a
convertible
bond. The combination of such investment with further cost reductions
and the
projected sales of the new products should allow the Company to
return to
profitability towards the end of 2013.

A number of parties, including Jan Callewaert, founder and CEO of the
Company,
have expressed their intention to participate in the transaction. It
is the
Boards' expectation that the transaction will be concluded during the
first
quarter of 2013. More details about the transaction will be described
in a
report of the Board of Directors drafted in accordance with section 583
of the
Code of Companies. This report will be made available at a later stage.

In addition, the Company came to an agreement with Mondo NV, controlled
by Jan
Callewaert, on a mid term loan facility up to a maximum amount of 5 million
EUR,
in order to bridge potential cash requirements until the completion
of the
transaction.

Option will provide more details on the financing efforts as soon as
specific
information is available.

ABOUT OPTION

Option, the wireless technology company, is a leading innovator in the
design,
development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN
technology
products for wireless connectivity solutions. Option has
established an
impressive reputation for creating exciting products that enhance
the
performance and functionality of wireless communications.
Option is
headquartered in Leuven, Belgium. The company also has Research &
Development in
Belgium (Leuven), Germany (Augsburg) and an ISO 9001 production
engineering and
logistics facility in Ireland (Cork). Option maintains offices in
Europe, US,
Greater China and Japan. For more information please visit www.option.com.

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